The Autonomous Delivery Robots Market is estimated to be valued at US$ 0.52 Mn in 2022 and is expected to exhibit a CAGR of 43.4% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Autonomous delivery robots are ground-based mobile robots that use autonomous navigation to deliver packages or food items to customers. These robots use technologies such as computer vision, machine learning, and sensors for navigation without any human intervention. They are being used by major e-commerce and food delivery companies to deliver packages over short distances.
Market Dynamics:
Rising demand for contactless deliveries owing to the COVID-19 pandemic is expected to drive the growth of the autonomous delivery robots market over the forecast period. For instance, various industries adopted autonomous delivery robots to meet the rising demand for deliveries while maintaining social distancing during the pandemic. Furthermore, rapid urbanization in developing countries has resulted in congested road networks and increasing logistical challenges for last-mile deliveries. Autonomous delivery robots help address these issues by efficiently navigating through crowded areas and reducing delivery times and costs associated with last-mile deliveries.
Market key trends:
The autonomous delivery robots market has been witnessing rising demand driven by the growing adoption of autonomous delivery solutions by food chains, retail stores and logistic companies. These robots offer on-demand delivery and solve the problem of last-mile delivery in an efficient and cost-effective manner without requiring human intervention. Additionally, they provide contactless delivery which has become increasingly important amid the ongoing pandemic. The growing investments by startups to develop more advanced autonomous technologies for delivery is another key trend contributing to the growth of this market.
SWOT Analysis
Strength: Autonomous delivery robots offer efficient delivery at a lower operational cost compared to human deliveries. They provide 24/7 delivery capabilities without requiring additional labor costs.
Weakness: Limited payload and range of delivery are key limitations of most robots currently. Cyber security issues and tech glitches can also undermine the delivery process.
Opportunity: Untapped global emerging markets present significant growth opportunities. Increasing demand from food, retail and logistic industries also presents lucrative opportunities.
Threats: Stringent regulations around robot delivery pilots can hamper wide commercial adoption. Technology advancements by competitors also pose threat.
Key Takeaways
The Global Autonomous Delivery Robots Market Demand is expected to witness high growth, exhibiting CAGR of 43.4% over the forecast period of 2023 to 2030. The market was valued at US$ 0.52 Mn in 2021 and is anticipated to reach US$ 21.5 Mn by 2030. The growth is attributed to increasing focus of online retailers and food chains on autonomous last-mile delivery solutions.
Regionally, North America dominated the global market in 2021 with over 35% market share owing to high adoption of robotic solutions across various industries in the US. Asia Pacific is projected to witness the highest CAGR during the forecast period with China and Japan emerging as key markets.
Key players operating in the autonomous delivery robots market are Starship Technologies, Marble Robot Inc., TeleRetail, Postmates Inc., Robby Technologies, Robomart Inc., Kiwibot, Udelv Inc., Savioke Inc., Segway Robotics Inc., Nuro Inc., Cleveron AS, Eliport, ANYbotics AG, Box Bot Inc., Neolix, Effidence and Aethon Inc. Starship Technologies has the largest market share currently with presence across 20 countries. Udelv Inc. and Nuro Inc. are also rapidly expanding globally.
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